🔍 ETH is up +2.6% but here is what catches my eye: it is STILL underperforming BTC. The ETH/BTC ratio keeps bleeding. Is Ethereum losing its crown?
$ETH at $1,897, bouncing off its 4H SMA25 ($1,884). Daily MACD histogram just turned positive (+5.15) — first bullish signal in days. But volume is only 0.46x average, meaning this bounce lacks conviction.
💡 Why This Matters:
The daily RSI at 54.4 is neutral, and the 4H chart shows a strong uptrend structure. But $11.8B in net whale outflows over 24 hours is concerning. The price needs to reclaim $1,928 (daily SMA99) to confirm any meaningful recovery.
📋 Trade Plan:
✅ Entry: $1,780–$1,850 (wait for pullback to demand zone)
🛑 Stop Loss: $1,720 (below recent swing low)
🎯 TP1: $1,950 | TP2: $2,100
⚖️ Risk/Reward: 1.4R
ETH is a buy... but not yet. Wait for the whales to stop selling.
🤔 Are you still bullish on ETH long-term, or has Solana stolen the spotlight? Let me know 👇
⚠️ This is not financial advice. Always DYOR before trading. Markets are highly volatile. Never invest more than you can afford to lose.
#Ethereum #ETH #DYOR